Loading...
•
Dec 31, 2023
ManpowerGroup Q4 2023 Earnings Report
ManpowerGroup reported a net loss for Q4 2023 due to restructuring costs and non-cash charges, while facing a challenging environment in North America and Europe but seeing solid demand in LATAM and APME.
Key Takeaways
ManpowerGroup reported Q4 2023 revenues of $4.6 billion, a 4% decrease from the prior year. The company experienced a net loss of $1.73 per diluted share, compared to net earnings of $0.95 per diluted share in the prior year. Results were impacted by restructuring costs, non-cash charges, and a stronger U.S. dollar.
Revenues decreased by 4% as reported and 5% in constant currency, reaching $4.6 billion.
The company faced a challenging environment in North America and Europe, but experienced solid demand in LATAM and APME.
Gross profit margin was 17.5%, with staffing margins remaining resilient.
The quarter included a non-cash goodwill impairment charge of $55 million and restructuring charges of $90 million related to the wind down of the Germany Proservia business.
Revenue by Geographic Location
Forward Guidance
ManpowerGroup anticipates diluted earnings per share in the first quarter to be between $0.88 and $0.98, which includes an estimated unfavorable currency impact of 2 cents and excludes unfavorable operating losses for the run-off of our Proservia business estimated at 14 cents. Our guidance excludes restructuring costs and any Argentina related impact of non-cash currency translation losses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...